AIAENG - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

Here’s a detailed technical analysis of AIA Engineering (AIAENG) based on the provided data

📉 Trend Analysis

Current Price: ₹3,183 is below both the 50 DMA (₹3,339) and 200 DMA (₹3,459) — indicating a bearish short-term trend.

Trend Status: The stock is in a reversal phase, showing signs of bottoming out near support but still under pressure.

📊 Momentum Indicators

RSI (33.8): Near oversold territory, suggesting weak momentum but potential for a technical bounce.

MACD (-29.2): Negative and diverging, confirming bearish momentum.

Volume: Current volume (25.2K) is below the 1-week average (39.9K), indicating low participation and lack of conviction.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 3,339 Resistance

200 DMA 3,459 Resistance

Price trading below both DMAs confirms short-term weakness and downward bias.

📉 Bollinger Bands

Likely trading near the lower band, consistent with RSI and MACD readings.

This suggests oversold conditions, but no confirmed reversal yet — watch for bullish divergence or volume spike.

🔍 Support & Resistance Zones

Level Price (₹) Significance

Support 1 3,050–3,100 Near recent lows and psychological support

Support 2 2,950–3,000 Historical support zone if breakdown occurs

Resistance 1 3,340–3,360 50 DMA and recent breakdown level

Resistance 2 3,450–3,500 200 DMA and previous consolidation zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹3,050–₹3,100 (if RSI stabilizes and MACD flattens)

Exit Zone (Short-Term): ₹3,340–₹3,360 (first resistance), ₹3,450–₹3,500 (extended target if reversal confirms)

Stop Loss: ₹2,980 (below key support)

📌 Summary

Trend: Reversing with bearish bias

Momentum: Weak, oversold signals emerging

Volume: Below average, no breakout signs

Technical Setup: Cautious entry near support; wait for confirmation

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